Japan's FSA asked 4 insurers to speed selling of cross-shareholdings- Nikkei

MS&AD Insurance group

09/02/2024 09:07

TOKYO, Feb 9 (Reuters) - Japan's Financial Services
Agency has asked four major non-life insurers to accelerate
sales of cross-shareholdings, the Nikkei newspaper reported on
Friday.
    Cross-shareholdings among the four insurers cover 5,900
companies with a market value of 6.5 trillion yen ($43.5
billion), Nikkei said.

($1 = 149.3900 yen)

 (Reporting by Rocky Swift; editing by Christina Fincher)
 ((rocky.swift@thomsonreuters.com;))